Why the Productivity Trends in Agriculture in very low? In spite of the significance of agriculture in the Indian economy, per capital productivity in agriculture is less in comparison to the productivity in other sectors of the economy..
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The causes for low productivity of Indian agriculture can be divided into 3 broad categories, namely, (1) General factors, (2) Institutional factors and (3) Technological factors.
The marginal productivity theory of Distribution explained. The marginal productivity theory of distribution determines the prices of factors of production. This theory states that a factor of production is paid price equal to its marginal product.
Marginal productivity theory of wages explained with assumptions and criticism. Marginal productivity theory of wage explains that under perfect competition a worker’s wage is equal to marginal as well as average revenue productivity.
Office work is primarily mental work, which involves much concentration and free from distracting noise. Mental works are more fatiguing and monotonous. The efficiency of the worker depends not only on their sound training but also upon their capacity to work.